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Sensing as a Fundamental Part of Designing Smart, Intelligent Systems Drives the Global Market for Position Sensors,


Published: May 2017

REPORT STATISTICS


  • Code: MCP-8141
  • Pages: 317
  • Tables: 52
  • Companies: 102


POSITION SENSORS: A RESEARCH BRIEF

The global market for Position Sensors is projected to reach US$12.8 billion by 2024, driven by the growing indispensability of sensing, actuation and control in designing smart electronic systems and in enabling intelligent machine functions such as predictive and adaptive autonomous decision making which represents the ultimate design goal of automated systems. The market also stands to benefit from the technology developments in programmable linear position sensors, magnetic position sensors, inductive non-contact position sensors and potentiometers. The emerging field of industrial and service robotics is forecast to catalyze applications requiring “positional” feedback”. The need for measuring linear motion of pistons will drive demand in pneumatic and hydraulic applications. Asia-Pacific ranks as the fastest growing market, led by factors such as growing trend of automotive electronification and the resulting increase in the average number of position sensors used per car; development of smart industrial infrastructure and the opening of new opportunities in robotics, machine tools, motion control and other industrial automation solutions. Also driving growth is the strong demand for smart features and functions among the massive base of well penetrated smartphone users in the region and the resulting increase in the use of position sensors, magnetometer and orientation sensors in smartphones. 

    Summary of Findings

  • Healthy Outlook for Commercial Aviation and the Resulting Spurt in Aircraft Production to Drive Sales of Linear and Rotary Position Sensors
  • Miniaturization Technology and Design Improvements Drive Suitability of Position Sensors in a Wide Range of Advanced Sensing Applications
  • Smarter Communication and Minimum Wiring Needs to Spur Use of Position Sensors in the Field of Industrial Sensing
  • Manufacturers’ Focus on Developing Position Sensors with Integrated Intelligence to Achieve Competitive Differentiation in the Market
  • The Emerging New World of Embedded Intelligence Opens Up a Wealth of Coveted Application Possibilities for Position Sensors

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe) , Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America, and Rest of World

MAJOR PLAYERS

  • ASM Automation Sensorik Messtechnik GmbH
  • Balluff Gmbh
  • Bourns Inc.
  • CTS Corporation
  • Curtiss-Wright Corporation
  • Honeywell International Inc.
  • IFM Electronic Gmbh
  • Infineon Technologies AG

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable